Quarry LP Buys 53 Shares of Carlisle Companies Incorporated (NYSE:CSL)

Quarry LP boosted its stake in Carlisle Companies Incorporated (NYSE:CSL) by 39.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 186 shares of the conglomerate’s stock after acquiring an additional 53 shares during the period. Quarry LP’s holdings in Carlisle Companies were worth $69,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. TD Private Client Wealth LLC boosted its holdings in shares of Carlisle Companies by 475.0% during the 4th quarter. TD Private Client Wealth LLC now owns 69 shares of the conglomerate’s stock worth $25,000 after buying an additional 57 shares in the last quarter. GeoWealth Management LLC boosted its holdings in shares of Carlisle Companies by 25.0% during the 4th quarter. GeoWealth Management LLC now owns 145 shares of the conglomerate’s stock worth $53,000 after buying an additional 29 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Carlisle Companies by 95.1% during the 4th quarter. Farther Finance Advisors LLC now owns 160 shares of the conglomerate’s stock worth $59,000 after buying an additional 78 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Carlisle Companies by 55.4% during the 4th quarter. UMB Bank n.a. now owns 188 shares of the conglomerate’s stock worth $69,000 after buying an additional 67 shares in the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in shares of Carlisle Companies during the 4th quarter worth approximately $93,000. 89.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Carlisle Companies from a “hold” rating to a “sell” rating in a research report on Monday. Truist Financial lowered their target price on Carlisle Companies from $420.00 to $390.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Zelman & Associates raised Carlisle Companies from an “underperform” rating to a “neutral” rating in a research report on Monday, April 14th. Loop Capital lowered their target price on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Finally, The Goldman Sachs Group lowered their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Carlisle Companies has a consensus rating of “Hold” and a consensus target price of $454.00.

Carlisle Companies Price Performance

NYSE:CSL opened at $380.76 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. The stock has a fifty day moving average of $344.86 and a 200 day moving average of $385.66. The firm has a market capitalization of $16.47 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 1.03 and a beta of 0.94. Carlisle Companies Incorporated has a 52-week low of $311.41 and a 52-week high of $481.26.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Wednesday, April 23rd. The conglomerate reported $3.61 EPS for the quarter, topping analysts’ consensus estimates of $3.53 by $0.08. Carlisle Companies had a net margin of 26.22% and a return on equity of 34.37%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company earned $3.72 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, research analysts expect that Carlisle Companies Incorporated will post 22.31 EPS for the current fiscal year.

Carlisle Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.05%. The ex-dividend date is Monday, May 19th. Carlisle Companies’s dividend payout ratio (DPR) is currently 14.89%.

Insider Activity at Carlisle Companies

In other news, Director Jonathan R. Collins sold 1,050 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the transaction, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mehul Patel sold 150 shares of the firm’s stock in a transaction that occurred on Saturday, February 8th. The stock was sold at an average price of $350.53, for a total value of $52,579.50. Following the transaction, the vice president now owns 815 shares in the company, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

Carlisle Companies Company Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.